Sunday, 2 October 2016

Nigeria Problems are Temporary and my Administration will Tackled it - Pres. Buhari

The president of Nigeria, President Muhammadu Buhari, yesterday Saturday, said that there was and there is no easy way solve the problems of Nigeria.
According to an online newspaper website, The Punch News, the president made this statement in a nationwide broadcast to honour the country’s 56th Independence Day Celebration, however, the president assures Nigerians that his administration was pursuing the solutions available to it with a view to make the country a better place.
According to source, the president said, it was normal for countries to face ups and downs, while attributing the economic recession in the country to a shortage of foreign exchange and violence by the Niger Delta Militants.
The president told the nation that the problems facing the country are temporary and will soon end.
In his speech he said, “The recession has been brought about by a critical shortage of foreign exchange. Oil price dropped from an average of $100 per barrel over the last decade to an average of $40 per barrel this year and last.
“Worse still, the damage perpetrated by Niger Delta thugs on pipelines reduced Nigeria’s production to below one million barrels per day against the normal 2.2 million barrels per day. Consequently, the naira is at its weakest, but the situation will stabilize.
“But this is only temporary. Historically, about half of our dollar export earnings went to importation of petroleum products and food. Nothing was saved for a rainy day during the periods of prosperity. We are now reaping the whirlwinds of corruption, recklessness and impunity.

“There are no easy solutions, but there are solutions nonetheless. The government is pursuing them in earnest. We are to repair our four refineries so that Nigeria can produce most of our petrol requirements locally, pending the coming on stream of new refineries. That way, we will save $10bn yearly.”
The president also made a statement about the hardship facing Nigerians.
He said, he knows that many families in the country could not afford their children school fees or buy foods at excessive prices, while many others are unemployed, especially the youth of the country.
According to source, the president promise to tackle: Security, Corruption and the economy problem. “Especially unemployment and poverty”
Speaking on security, the President insisted that his government had made progress by defeating Boko Haram last December, 2015.
According to him, the Federal Government, while confronting other security issues like herdsmen/farmers clashes, cattle rustling, and kidnappings, is determined to tackle and overcome the challenges.
Again, Buhari read the Riot Act to the militants in the Niger Delta, who had claimed responsibility for vandalizing oil installations, describing them as “mindless groups that want to hold the country to ransom.
He said his administration would no longer tolerate their excesses.
“It is known that the clean-up of the Ogoni land has started. Infrastructural projects financed by the Federal Government and post-amnesty programme financing will continue.
“We have however, continued to dialogue with all groups and leaders of thought in the region to bring lasting peace,” Buhari emphasized.
Buhari reiterated his position on corruption, saying it must be fought headlong.
He promised to adhere strictly to the rule of law while trying to tackle the problem.